M&A Deal Summary

Gen II Fund Services Acquires Update Capital

On March 14, 2022, Gen II Fund Services acquired information technology company Update Capital

Acquisition Highlights
  • This is Gen II Fund Services’ 1st transaction in the Information Technology sector.
  • This is Gen II Fund Services’ 1st transaction in Canada.
  • This is Gen II Fund Services’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2022-03-14
Target Update Capital
Sector Information Technology
Buyer(s) Gen II Fund Services
Deal Type Add-on Acquisition

Target

Update Capital

Vancouver, British Columbia, Canada
Update Capital provides an automated, cloud-based solution for real estate sponsors to manage their assets, engage their investors, and connect with new prospects. Update Capital is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Gen II Fund Services

New York, New York, United States

Category Company
Founded 2009
Sector Business Services
DESCRIPTION

Gen II Fund Services is a fund administration provider focused entirely on serving the alternative asset management space, including private equity, real estate and credit funds. Gen II Fund Services was founded in 2009 and is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Stone Pine Accounting Services

Denver, Colorado, United States

Stone Pine Accounting Services is a provider of private equity fund administration, tax and investor services. Stone Pine Accounting Services was founded in 1998 and is based in Denver, Colorado.

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